Qiagen Launches $450 Million Convertible Bond Offering
Company Announcements

Qiagen Launches $450 Million Convertible Bond Offering

Qiagen (QGEN) has released an update.

Qiagen N.V. has announced a private placement of senior, unsecured convertible bonds totaling $450 million, aimed at institutional investors outside the US, with a maturity date set for 2031. The bonds, with a semi-annual coupon rate between 2.125% and 2.625%, are convertible into approximately 6.9 million ordinary shares, representing about 3.1% of Qiagen’s current share capital. The company plans to use the proceeds for general corporate purposes, including refinancing existing debt, with a settlement date expected on September 10, 2024.

For further insights into QGEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyQiagen announces FDA clearance of QIAstat-Dx Respiratory Panel Mini test
TheFlyQiagen downgraded to Hold from Buy at HSBC
TheFlyQiagen expands automated liquid biopsy portfolio
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App